National Bank of Poland: The Road to Indirect Instruments
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Piero Ugolini
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1996
E-ISBN: 9781452782300
P-ISBN(Paperback): 9781557756022
Subject： F0 Economics;F8 Finances
Language： ENG
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Description
Poland was the first centrally planned economy in Eastern Europe to leave the Soviet bloc and introduce systemic reforms in all sectors of the economy. The transformation of the National Bank from a monobank to an institution of a market-based system and the Polish financial sector into a market-oriented banking system was an important element of the reform process and received strong support from the IMF and the international community. This paper describes the steps taken by the National Bank, analyzes the monetary situation, and makes recommendations.